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in this congress laws can only pass with support from democrats and republicans, and that means nobody gets 100 percent of what they want. lou: there are only ten days remaining to the fiscal cliff. president obama headed to value within actually minutes, and members of congress have also gone home for chrrstmas vacation already. in a news conference today, speaker boehner admitted negotiations with the president have, indeed, been difficult. >> until the president on monday, these are my bottom lines. the president told me that his numbs, $1 trillion in new revenues, 850 billion in spending cuts was his bottom-line. he could not go any further. lou: and he didn't. the plan be option collapsing last night when he failed to get republican support to raise taxes on only those making more than a million dollars a year. over in the senate majority leader harry reid pounced on the very public embarrassing defeat. >> we knew the so-called plan b was no plan at all. it could not pass the senate. it turns out, it could not pass the house either. it is too bad speaker boehner wasted a week in his politi
sales rising over concerns of tighter gun control laws. we can find some winners in the stock market. here are some of those on the s&p. ♪ she knows you like no one else. and you wouldn't have it any other way. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take alis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache or muscle ache. to avoid long-term injury, seek immediate medical help for an erection lasting more than four hours. if you have any sudden decrease or loss in hearing or vision, or if you have
are some of our favorites. let's start with illinois. starting in 2013 and new law gives motorcyclists be okay to run red lights. leave it or not. after complaints from cyclist who say light sensors don't see the cycles. and the okay for computer-driven cars on public roads but they say it is okay as long as a human is in the passenger seat. also in the golden state, hunters are now banned from chasing bobcats. in the population is out of control, a new law will now impose harsher penalties on those who release hawks into the wild. and finally, my personal favorite from new york city, they do three things all the time. and now ban the sale of large sodas and sugary drinks at restaurants. to curb obesity. like that is going to help. more than 200 of these laws will now be on the books come january 1. call me crazy or what. for more on what will look like in the new year, joined by university of maryland economics professor peter morrissey. great to see you again, has been a while, glad to have you back on. we talked about this before but what happens if we go over the cliff, the recessi
this, if you don't change your gun laws to at least try to stop these relentless tidal waves of murderous carnage then you don't have to worry about deporting me. i'll have my take on piers morgan in our next hour or so. clearly, i've got a dog in this hunt, i am english, i'm an immigrant, et cetera, et cetera, and i've got a strong opinion on pierce morgan. let's go back to kelly jane, what do you think of piers, my good fellow. >> is anybody crying about this, is anybody worried that piers morgan is it going to leave? you know, i hate to be -- i hate to be snarky, but i think that people were very surprised when he got that slot after larry king in the first place and his show has been most successful in giving people things to laugh at the day after. stuart: ooh, that was good, kelly jane. that was really nasty. . [laughter] thank you very much indeed. >> i love the english, i love the english so i'm happy to have more of them in the states, i just think that they might want to read a little about the history of the country to which they're going to, which you obviously ha
rates are scheduled to go up by law. every american paycheck will get considerably smaller. that would be the wrong thing to do. gerri: no kidding. we have been telling you that for weeks. democrats and republicans alike should rename their parties the procrastination party. that is because like a lot of college freshman, they left their work until the last minute. including the 800 billion-dollar fiscal cliff that we have been talking about. a hundred billion dollars it hasn't happened yet. it's not like the deadline comes as a surprise to anybody at all, the least of all congress. they were the ones who extended the bush tax cuts. originally passed back in 20,122,010 and 2012. for two years now, they have known the issue is looming and they chose to do nothing about it at all. but that is not the only thing that this lame-duck congress has to do for the end of the year. the farm bill passed last summer to help farmers hit by the drought has to be extended. into the next year, it must pass. if they do nothing, a gallon of milk go up $6 a gallon. it sure isn't going toelp consumers. th
the laws, all of the real estate lending, all that. there the ones to set the rules. i mean, we did this. we elected this same crowd. the senate still has harry reid, the democrat, the house has john painter, the president is still the president. why she we expect anything to change. >> i don't expect anything to change. the reality is you have the same people. there very blunt, competent, dishonest, lying to the american public for a long time, promising things they know they cannot deliver. our children, grandchildren will pay the price. maybe sooner, but the bottom line is you are dealing with people who care about themselves to maintaining power. >> i think they care about the 1%. they increase the taxes on those made for under thousand and above, less than 1%. and the republicans are holding the countr hostage. they rejected that. tom: will that tax solve the deficit spending? >> it will if you include 2%, 250,000 for couples, 200,000 for individuals and above. you start taxing capital gains and dividends, reinstate that and get rid o $109 billion in corporate taxes every year. you'
likely to hit the target versus law enforcement and representative ron paul is against all of this. he's saying this is not the answer, this or wellion surveillance totalitarian way to go and total state control he says will be invited into the schools if you're armed teachers. >> ron paul says that. >> representative ron paul is against this. >> use it as a extension of government. >> yeah, he does, i understand the man's point, i'm just surprised to hear this. >> he's vehemently against this. >> not every teacher is so stable, too. i tell you something, i come from a long line of teachers in my family, a lot of stories about teachers. >> send your e-mails-- >> stop it right now, the e-mails are on the way. in a few minutes the latest read on pending home sales for november. and we ask a secondary question, will falling off the fiscal cliff kill this one bright spot in the economy which is housing why can't congress make a deal? it had months to compromise and there's nothiig out there. the dow is down 88. copd makes it hard to breathe, but with advair, i'm b. so now i can be in the
does that send to the law makers? >> i think that sends a very clear message that the voters basically said we want divided government. we'll let president obama have a second term but we want the republicans who control the house and that's where tax, tax legislation originates, to basically hold the line on taxes. so i feel like the elector rate made it clear that republicans you're job to protect us from economy-strangling tags increases. this is very quick path for the republicans back into the minority in 2014. ashley: is all this a big forerunner to a big debate over the debt ceiling? >> interesting that you bring up the debt ceiling. i think that's what the republicans can do. if they basically walk away from a bad deal they have a lot more power going into 2013 in that, basically president obama is going to have to deal with them on the debt ceiling. why not negotiate from a position strength in 2013? any tax increases now are retroactive, rather than give in and basically do great harm to your brand in the near term in return for nothing? ashley: basically what lesson do we le
spending. right now the law does it. i think go over the cliff. we know exactly what is going on. i'm concerned about a lot more things around the globe, particularly corporate earnings than i am the fiscal cliff. adam: all right. jeffrey cleveland, you're an economist, which is worse, raising taxes doing austerity all at once? what you do i this? >> i think the biggest problem is the uncertainty with all this. we're at december 27th. we're talking about changing the rules of the game. i think from an economist's standpoint, from an investor's standpoint rules, whether they're tax rates or spending rates, those are the signposts for the entrepeneurs. that is how entrepreneurs set the agenda for growth and economic activity. if you're adjusting those signposts, adam, at the last second, that is bad for growth. sort of like if you're on the super high wand a keep changing exit signs. you can't stop. adam: steve hayes, i will get to you in a second. jeffrey i want to follow up with what you just said. are you saying small business is entrepreneurs, all kinds of people already planned t
at the point where in just four days every american's tax rates are scheduled to go up by law. every american's paycheck will get consider bring smaller. and that would be the wrong thing to do for our economy. it would be bad for middle class families and it would be bad for businesses that spend, depend on family spending. fortunately congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mcconnell are working on such an agreement as we speak. but, if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up-or-down vote, one that protects the middle class from an income tax hike, extends the vital lifeline of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperati
to stay. the new law will have a major impact on your life. find out what some companies are doing because of obamacare is bare. . there . . stuart: reports on the economy came out this morning, freddie mac's 30 year mortgage rate unbelievable, down 3.35%. new home sales, sales of new homes up 4.4% in november compared to the total and very interesting number, consumer confidence. the reading was 65 for december, lowest since august. people worried about the fiscal cliff, a low confidence number. weaker jobless claims down 350,000. the stock market is down this morning, down because senator harry reid essentially said looks like we are going over the fiscal cliff, he said that moments ago on the senate floor and blamed republicans. very much a political fight going on. the dow is down. some companies giving employees money taking care of their own health care. that is obamacare after the break. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live
number is probably 70%. >> in terms of how many new laws -- liz: that's right. >> there were 3000 regulations. liz: thank you. good to be with you, sir. really appreciated. forget the fiscal cliff. more an action from d.c. could leave another glass half empty. sandra smith with us with today's trade. sandra: people's grocery bills may go up. you are talking about that exclusion of a farm bill that may not be part of the fiscal cliff negotiations even if we do get a deal that by the end of the year. tom vill sack has been trying to get everyone into a room to hammer out a five-year deal. he has already conceded that it is unlikely that we will see that done and those farm subsidies could come out of the market. analysts are saying that prices could go up to the six to eight dollars a gallon range. milk just one of the many grocery items that could go up in prices. this is one aspect that maybe you have not thought about when it comes to your wallet. sterling smith over at citigroup says we could see less milk consumption. a lot of those dairy farmers could go out of business. liz:
to the 2013 withholding since congress is still considering changes in the tax law. we continue to closely monitor the situation. we intend to issue guidance by the end of the year on appropriate withholding for 2013. december 301st. the end of the year. we are told by officials that, in fact, there will be guidance from the treasury. what i'm sensing is there kind of waiting to see what comes out of these negotiations later today before they issued this guidance to employers. cheryl: secretary tim geithner has been involved off and on in the fiscal cliff discussions and talks. you keep hearing the word retroactive. because shockingly enough, if congress can't figure something out today, who would think that what happened. that would mean that this will get pushed down to later in the weekend it would come back. congress kicks in, things become retroactive. this is d.c. don't they have the power computer, to go home and come back and figure this out? >> they do. there are two approaches going forward from today. one is maybe have a framework today and pass it next week. then teams the tax
it was a pyramid scheme. he had a lot to say in a negative way of herbalife. now reportedly working with a law firm on this so obviously you can see here right now is up about 7%. herbalife obviously says his whole attack is malicious and without basis. >>> we'll look at apple. apple on the move, one of the big tech movers. in this case a tech mover to the downside. tech-heavy nasdaq has been down half a percent. apple is down $4.54 at 515 and change. certainly, lori and tracy, nowhere near that $700 it was in the middle of september when we were talking about 800, a thousand. now everybody is hoping it holds the 500 mark. lori: you can't dip your toe into apple because even at 500 bucks a share it is still pretty rich. >> everybody still wants the product. it's a holiday gift. >> you hit the nail on the head nicole as always. back again in 15 with you. we were talking about this a little earlier. starbucks is urging washington to come together on the fiscal cliff literally. we have video from d.c. starbucks ceo howard schultz telling employees at all washington area stores to write, come together,
Search Results 0 to 25 of about 26 (some duplicates have been removed)